January 1, 2024 — Michigan
The winning ticket for this New Year's Day jackpot was sold at a Kroger store in Grand Blanc, Michigan. The winner claimed the prize anonymously through a trust, as permitted under Michigan law. It was the largest Powerball jackpot won on a holiday. The Kroger store received a $50,000 bonus for selling the winning ticket.
Payout choice: The winner chose the lump sum cash option of $425.2 Million, which after federal taxes (37% top bracket) and applicable state taxes results in a significantly reduced — but still life-changing — take-home amount.
Privacy: The winner chose to remain anonymous, claiming through a trust or LLC. Financial advisors generally recommend this approach to protect winners from solicitation, scams, and personal safety risks.
Source: https://www.michiganlottery.com/
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